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chevyman
Contributor

interest

Is there a maximum interest rate for CAs
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: interest

i was told my a CA that they can charge a maximum of 12% per year once in collections per RI State.  I think it varies by state though.

Message 2 of 6
chevyman
Contributor

Re: interest

OK thanks does it go by the debtors state or the state the CA is in
Message 3 of 6
Anonymous
Not applicable

Re: interest

Debtor State from what I can see.

Message 4 of 6
chevyman
Contributor

Re: interest

Where would I go to find my states maximum rate
Message 5 of 6
guiness56
Epic Contributor

Re: interest


@chevyman wrote:
Where would I go to find my states maximum rate

Google it.  Google is your friend.

Message 6 of 6
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